For the fourth time in almost as many weeks Tesla has tweaked its pricing structure in the US for the Model 3 and Model Y, with the former seeing another price drop and the latter seeing another price increase.
If you are having trouble keeping track Tesla lowered their prices dramatically across the board last month, dropping the price of some cars by 20%. Since then the Model 3 RWD has seen a $500 price drop, while the Model Y has seen several price increases, the most recent being a $500 increase just a few days ago on Friday night.
Tesla was at it again on Sunday afternoon, dropping the price of the entry-level Model 3 RWD by another $500 to $42,990, a full $1,000 lower than it was after the price cut in January. Add in the $7,500 tax credit and you can now buy the Model 3 RWD for $35,490, making the $35,000 Model 3 a reality again (if you qualify for the full credit).
Meanwhile, just like on Friday the Model Y Performance saw another $500 price increase, making the top of the line electric SUV $58,990. The Model Y AWD (with 4680 cells and 279 mile range) also got a $500 price bump, and it now starts at $51,990.
There was no change in price to the Model Y Long Range variant, and no price changes to any vehicle in Canada.
As we mentioned above Tesla has been adjusting its prices ever since it lowered the substantially last month. During the Q4 2022 earnings call CEO Elon Musk said the automaker has been seeing their “strongest orders year-to-date than ever in our history.”
The Model 3 Long Range continues to be unavailable to order, since Tesla stopped taking order for the electric sedan last year. The online configurator still says it will be available in 2023, but there has been no sign from Tesla so far this year for when orders will restart. We believe Tesla is waiting to launch the refresh Model 3, which the company has been working on for over a year and which we have learned has been developed through the team in China.
Several test cars with camouflage have been spotted on the streets of California over the last couple of months, hinting that a launch could be coming soon.
